Look to Canada for a working banking system

I spend a lot of time working with large financial institutions and right now a lot of banks are looking internally to try and figure out what went wrong with their risk control processes and how they can fix them. There is nothing like losing billions of dollars to cause you to question your priorities.

Having grown up in Canada, it is kind of fun to see articles that suggest that the Canadian banking system should be looked to for solutions to the global financial mess we all find ourselves in. I remember when I first moved to the US how antiquated the banking system seemed. Despite being the land of mining, timber, oil shale and lots of snow, Canada seems to have figured out a banking model that works.

The rest of the world should take a good look.